Baseline security refers to the minimum level of protection established for assets and transactions within a blockchain system. It encompasses the essential measures needed to safeguard against common threats, ensuring that users’ funds and data remain secure. Key components of baseline security include robust encryption methods, secure wallets, and multi-factor authentication.

These measures help prevent unauthorized access and potential theft. It also involves regular updates and patches for software to fix vulnerabilities that could be exploited by attackers. Another important aspect is user education.

Educating users about phishing attacks and safe practices enhances overall security. By setting these foundational security measures, projects can promote trust and confidence among users, encouraging wider adoption. Establishing a baseline allows for scaling security practices as cryptocurrency ecosystems grow and evolve.